Gibson Energy (TSE:GEI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Gibson Energy Inc. (TSE:GEI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.82 and traded as high as C$24.87. Gibson Energy shares last traded at C$24.46, with a volume of 737,459 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GEI shares. Royal Bank of Canada raised their price objective on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Jefferies Financial Group increased their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. National Bankshares lifted their target price on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Scotiabank upped their target price on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$27.11.

Gibson Energy Stock Performance

The stock has a market capitalization of C$3.98 billion, a PE ratio of 23.08, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a 50 day moving average of C$23.56 and a 200-day moving average of C$22.82.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.70%. The ex-dividend date is Tuesday, December 31st. Gibson Energy’s dividend payout ratio is currently 154.72%.

Insider Buying and Selling at Gibson Energy

In other news, Director Curtis Philippon bought 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were purchased at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Company insiders own 0.85% of the company’s stock.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.